THE FINANCIAL CRISIS.

Wairarapa Daily Times, Volume XV, Issue 4414, 9 May 1893, Page 3

THE FINANCIAL CRISIS.

Formation of an Assets Comp(tny' - ' 'Losdos, May' 6. The Victorian Government has remitted, through "the Associated Banks, £<300,000, the July interest. The leoent snspensions have - locked up £850,000. An 5 Asseta Company is _ being formed iB London with a capital of <1,000,000, hoping for profitable ~ ahanoo* in < the Australian financial srisig. , ?Tiw nokl shipped by tbo Ophit *aa —Tor the Bank of Vicioria and the XfewtoWeial Bank ofSydriey, £200,000 eaeh; for the Union Bank of Australia and the Bank of Australasia, &K£o;oooaaeb, SaveraCother banks Vera oooalgned small amounta. Bankers eonsider that the scoent Kiripn«nM«r gold to the oolooiea were MWMMryfSiMng to coin beiac locked tap daring the raconatrncUon. In connection with the racanstrucUa& Khemei, it is oonsideicd in m»nv to b< vitally important that ijw.Britiah depoutora ahould not be «o«ap<U«d to aeeept preference ahares toc» portion ot thalr deposits, but _ tboaUi be given the optiou of accept{a{ ioa|-utted negotiable depoaita, reavail in, my, 15 or 20 yeate. tFbila teeogMng tbo auparior right: 0< tha majority, yet aonaidarate troat- ] xaaat ci ihe minority la advised, in tWw of future boainaM relations, 13m variotu aohamea are likely to bo WoMßm] open this prinoiplo. Mxlßousk2, May 7. Dwpite tha auaptniion of the CWonial Bank of Auttrabuia, the Witk&g tfansßOted at the baLN to-day waa notbiog out of the com-. _______ ■